Akzo Nobel continues with divestment program.Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. , Arnhem, The Netherlands, continues to make progress with its Chemicals business divestment program. The company has signed an agreement to divest the 65% majority interest in its Malaysian oleochemicals business to its joint venture partner, Lam Soon Group. The transaction does not involve Akzo Nobel's oleochemicals operation in Germany, but the company is expected to sell that segment as well. Akzo Nobel has also reached an agreement to divest its Electro Magnetic Compatibility (EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. ) business to ETL Semko ETL SEMKO is a division of Intertek Group plc (LSE: ITRK) specialising in electrical product safety testing, EMC testing, and benchmark performance testing. ETL SEMKO operates more than 30 offices and laboratories on six continents. K.K., a UK-based company. The EMC business is a leader in the Japanese commercial laboratory EMC market. In addition, Akzo Nobel has announced plans to close its MACC MACC Master of Accountancy MACC Mexican American Cultural Center (Texas) MACC Moberly Area Community College (Missouri) MACC Mine Action Coordination Center plant in Delfzijl, The Netherlands, due to unsatisfactory financial results and weak sales prospects. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion